Gold-Case Watchmaker Shenzhen Hipine Soared 190% In HK Debut

MT Newswires Live

Yesterday

The gold-case watch designer and maker Shenzhen Hipine Precision Technology (HKG:2583) soared 190% in HK debut.

HIPINE designs and manufactures gold-case and gold-bezel watches under its flagship “HIPINE” brand, which has been recognised as a “Shenzhen Top Brand” since 2022.

Citing CIC data, the company said it was China’s largest 24K precious-metal watch brand by GMV in 2024, with a 27.08% market share, and the largest 24K partial precious-metal watch brand with 28.96%.

Group revenue rose from RMB323.7m in FY2022 to RMB445.5m in FY2023 and RMB456.6m in FY2024. Gross margin increased from 19.8% in FY2022 to 27.2% in FY2024, and from 25.3% to 31.0% for the first five months of 2024 and 2025, respectively.

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